A Spring of Hope Inc

Analysis

A Spring of Hope Inc is a registered charity in United States, based in West Palm BCH, FL. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, A Spring of Hope Inc reported income of $1.0m and spending of $849k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $1.0m (+44%), an average of +9.6% a year. The sharpest change came in the year to December 2022, when income rose by 101%. Over the whole period it spent 63% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, A Spring of Hope Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Face the World Foundation ($1.0m), Bliss & Wisdom Charitable Organization ($1.0m) and National Jewish Policy Center ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Other salaries and wages came to $67k. At year end it held assets of $1.6m against liabilities of $51k, net assets of $1.5m. It reported 3 employees.